People buy loose diamonds because they are cheaper and are available in a wide variety of choices. This is especially true after the emergence of online jewelry stores. That said, there can be wide variations in the price of stones of similar quality between different vendors. Many first-time buyers find these variations really confusing. The best way to avoid this confusion is to know about the factors that influence the price of diamonds. Read on to know more about calculating the price of loose diamonds.
The Price Of A Diamond
Choosing a diamond is a delicate act of balancing between beauty and budget. Remember that these two factors depend on the 4Cs of quality, i.e. cut, color, clarity, and carat. Among them, more people are aware of how carat weight affects the price of loose diamonds.
Carat Weight And Diamond Prices
The carat weight is the most basic factor that determines the rarity of a diamond. You must know that smaller diamonds are far more common, and hence they are cheaper. As they become bigger, their price increases exponentially. For example, a 2-carat cushion-cut loose diamond will have a price more than twice that of a 1-carat cushion cut diamond.
The Diamond Price Per Carat
The carat weight and price of diamonds do not have a linear relationship. For instance, a 1-carat round ideal-cut diamond might cost $7,900 per carat. But the price of a 2-carat diamond of the same quality can cost between $13,000 per carat to $27,000. You can see that the approximate price difference between them is more than three times.
However, the price of diamonds like 2-carat cushion-cut loose diamond or 1-carat cushion-cut diamond jumps at the ‘magic marks’, i.e. 1-carat, 1.5-carat, 2-carats, etc. So, shoppers who are looking for value for their money search for stones that weigh just under the magic marks like 0.90-carat, 0.75-carat, etc.
Three Basic Rules For Buying Loose Diamonds
- Certification: When you are purchasing loose diamonds like 1-carat or 2-carat cushion-cut loose diamond, ensure that they are certified by reputed laboratories like GIA and AGS. This will guarantee that they will retain their price.
- Quality: The price of diamonds varies according to their color, cut, clarity, and carat weight. It is recommended to buy diamonds with excellent cut quality.
- Pricing: To get the best value for your money, it is recommended to compare the prices of diamonds between different online diamond vendors.
These are the important points that you must know before buying loose diamonds, especially when you are buying them from online diamond vendors.